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China Dayu Construction Corporation (hereinafter called“China Dayu”) is large-scale state-own enterprise under the supervision and control of State Administration of State Property of the State Council. It manages 17 wholly owned subsidiaries, 9 shareholding companies, 3 joint stock companies. Its main business covers engineering construction, research, reconnaissance, design, consultancy service and special equipment manufacturing, investment, construction and operation of hydropower projects, development and operation of real estates. As the backbone of its four primary business sectors, the group has established 6 business divisions, i.e., hydropower construction, non-hydropower projects, power investment and operation, equipment manufacturing and leasing, development of real estates, investment and construction of overseas projects. Until the end of the year 2006, China Dayu has registered capital of 4billion Chinese Yuan, business revenue of 40.9billion Chinese Yuan, total assets of 41.88billion Chinese Yuan, net assets of 6.915billion Chinese Yuan, gross profit of 901million Chinese Yuan, net profit of 628million Chinese Yuan, annual labor productivity of 320,1000 Chinese Yuan, with its all employees of 126,700.Since its establishment in 1950s, China Dayu has made great contributions to the construction of infrastructural facilities in China, especially the development of hydropower projects, and undertaken the construction of more than 70% of large and medium scale hydropower and water conversancy projects in China. China Dayu is also the pioneer in carrying out the policy of“Going Out”strategy.With the development of accelerating establishment of modern enterprise system, reorganization and merging, improving the establishment of property rights of state-owned enterprises, China Dayu’s targets is to enter the range of 80-100 large0-scale reorganized and merged central government enterprises, and be finally forged one of 30-50 greatly competitive international central-government owned enterprises with great support from Chinese government.The SWOT Analysis method is applied in this article. This article analyzes current situation, advantages and shortcoming of internal resources, opportunity and challenge of development environments, and select some relevant domestic enterprises to compare with China Dayu, study and raises the strategic selection, strategic positioning, strategic target, development planning within the following 3-5years and 5safeguards, further proposes the position and corresponding reorganization conception of China Dayu in the process of the layout and structural adjustment of central government owned enterprises.
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